Maybe Biden wants to tax your non-income gifts over $600 a year? I haven't been paying attention, so this is the first time I've heard of the $600 a year total deposits, in addition to $600 deposits one at a time, triggering an IRS investigation of a person. Depositing $600 over the course of a year seems like they're going after small fries and the low income people to pay taxes for social programs. Biden’s Proposal to Empower I.R.S. Rattles Banks and Their Customers
